McGraw Hill Financial Buyback
OLI recorded this information on 12/4/2013
McGraw Hill Financial
Share Amount Authorized:
The Board of Directors of McGraw Hill Financial authorized the company to repurchase up to 50 million shares or approximately 18 percent of the company's outstanding shares. There are currently less than 1 million shares remaining under the company's 2011 authorization to buy back up to 50 million shares. Under this authorization, the company has repurchased shares at an average price of $48.64. This authorization will permit the company to buy back shares in 2014 as well as conduct future repurchases. Shares will be repurchased from time to time on the open market, subject to market conditions, or through privately negotiated transactions.
McGraw Hill Financial is a benchmarks and ratings, analytics, data and research provider serving the global capital, commodities and commercial markets. Co.'s operations consist of four segments: Standard & Poor's Ratings, which is a provider of credit ratings, research and analytics; S&P Capital IQ and SNL, which is a provider of financial research and analytical tools for capital market participants; S&P Dow Jones Indices, which is an index provider that maintains a variety of indices; and Commodities & Commercial, which focuses in commercial and commodities markets that deliver their customers access to information, data, analytic services and pricing benchmarks.
Open the MHFI Page at The Online Investor »
Buy (3.40 out of 4)
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
powered by Xignite